HashFlare Founders Receive Time Served in $577 Million Ponzi Scheme, DOJ Considers Appeal

$577 Million HashFlare Ponzi Scheme Ends In Guilty Verdict

A U.S. federal court has sentenced two Estonian nationals to prison for running a massive cryptocurrency HashFlare Ponzi scheme that duped hundreds of thousands of victims worldwide out of more than half a billion dollars. The case, described by prosecutors as a “mirage of cryptocurrency mining,” is one of the largest fraud schemes involving digital assets ever prosecuted in the United States. On Wednesday, U.S. District Judge Robert S. Lasnik h…

HashFlare Founders Given Time Served For Crypto Ponzi - Invest In Crypto News

The founders of HashFlare, a crypto mining company behind a $577 million Ponzi scheme, have escaped additional jail time after admitting to their roles in the scheme. Sergei Potapenko and Ivan Turõgin have been in custody for 16 months, and Seattle Federal Court Judge Robert Lasnik gave them time served in their sentencing hearings on Tuesday. He also ordered each to pay a $25,000 fine and complete 360 hours of community service while on supervi…

Estonian Founders of HashFlare Bitcoin Mining Scam Jailed for 16 Months – MAXBIT

The U.S. Department of Justice is considering whether to appeal, as the sentence falls well short of the 10-year prison term sought by prosecutors. Source link

HashFlare Founders Get Time Served in $577M Crypto Ponzi Case

The two Estonian co-founders of the collapsed crypto-mining platform HashFlare have been sentenced to time served after being found guilty in a massive $577 million Ponzi scheme. Sergei Potapenko and Ivan Turõgin, both 39, have already spent 16 months in custody in the United States, which the court ruled was sufficient punishment. U.S. District Judge […]

HashFlare's $577M Scam Ends with Time Served, Not Jail

Sergei Potapenko and Ivan Turõgin, the duo behind the crypto mining firm HashFlare, have been released from custody after already serving 16 months.

DOJ considers appeal of time-served sentence in $577M HashFlare Ponzi

The masterminds behind the HashFlare crypto Ponzi scheme that defrauded over 400,000 victims have avoided more jail time after a Seattle court sentenced them to time served. Sergei Potapenko and Ivan Turõgin, who U.S. prosecutors accused of running one of…